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EUR/USD
EUR USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURUSD
ISIN:

EUR/USD - 1H - Technical analysis published on 01/23/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.0869 USD
My targets
1.0959 USD (+0.0061)
1.1030 USD (+0.0132)
My analysis
EUR/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.0869 USD. The next resistance located at 1.0959 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.1030 USD. After this resistance, buyers could then target 1.1561 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Simon1
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15 min. Daily Weekly

Additional analysis

Quotes

EUR/USD rating 1.0898 USD. The price registered an increase of +0.31% on the session and was traded between 1.0864 USD and 1.0899 USD over the period. The price is currently at +0.31% from its lowest and -0.01% from its highest.

1.0864
1.0899
1.0898

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EUR/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0802 1.0839 1.0869 1.0898 1.0899 1.1561 1.1950
Change (%) -0.88% -0.54% -0.27% - +0.01% +6.08% +9.65%
Change -0.0096 -0.0059 -0.0029 - +0.0001 +0.0663 +0.1052
Level Intermediate Minor Intermediate - Intermediate Intermediate Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.08471.08541.08591.08661.08711.08781.0883
Camarilla1.08611.08621.08631.08641.08651.08661.0867
Woodie1.08461.08541.08581.08661.08701.08781.0882
Fibonacci1.08541.08591.08611.08661.08711.08731.0878


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.06641.07151.07861.08371.09081.09591.1030
Camarilla1.08241.08351.08461.08571.08681.08791.0891
Woodie1.06741.07201.07961.08421.09181.09641.1040
Fibonacci1.07151.07621.07901.08371.08841.09121.0959


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.01401.02671.04831.06101.08261.09531.1169
Camarilla1.06061.06371.06691.07001.07311.07631.0794
Woodie1.01861.02891.05291.06321.08721.09751.1215
Fibonacci1.02671.03981.04791.06101.07411.08221.0953

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 73.14
MACD (12,26,9): 0.0014
Directional Movement: 22.5530
AROON (14): 92.8571
DEMA (21): 1.0870
Parabolic SAR (0,02-0,02-0,2): 1.0826
Elder Ray (13): 0.0029
Super Trend (3,10): 1.0843
Zig ZAG (10): 1.0893
VORTEX (21): 1.1284
Stochastique (14,3,5): 93.27
TEMA (21): 1.0879
Williams %R (14): -5.15
Chande Momentum Oscillator (20): 0.0072
Repulse (5,40,3): 0.2761
ROCnROLL: 1
TRIX (15,9): 0.0126
Courbe Coppock: 0.81
MA7: 1.0838
MA20: 1.0738
MA50: 1.0595
MA100: 1.0253
MAexp7: 1.0873
MAexp20: 1.0853
MAexp50: 1.0836
MAexp100: 1.0824
Price / MA7: +0.55%
Price / MA20: +1.49%
Price / MA50: +2.86%
Price / MA100: +6.29%
Price / MAexp7: +0.23%
Price / MAexp20: +0.41%
Price / MAexp50: +0.57%
Price / MAexp100: +0.68%

Quotes : - Real time data - Forex

News


The last news published on EUR/USD at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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